Brokerages predict that Bed Bath & Beyond Inc. (NASDAQ:BBBY) will post $2.90 billion in sales for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for Bed Bath & Beyond’s earnings. The lowest sales estimate is $2.88 billion and the highest is $2.93 billion. Bed Bath & Beyond posted sales of $2.96 billion in the same quarter last year, which suggests a negative year over year growth rate of 2%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, December 20th.

On average, analysts expect that Bed Bath & Beyond will report full-year sales of $2.90 billion for the current year, with estimates ranging from $12.20 billion to $12.29 billion. For the next year, analysts anticipate that the company will report sales of $12.01 billion per share, with estimates ranging from $11.84 billion to $12.23 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Bed Bath & Beyond.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Tuesday, September 19th. The retailer reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.28). The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.01 billion. Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. Bed Bath & Beyond’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 earnings per share.

A number of equities analysts have issued reports on BBBY shares. Zacks Investment Research raised Bed Bath & Beyond from a “strong sell” rating to a “hold” rating and set a $31.00 target price for the company in a report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a $38.00 target price on shares of Bed Bath & Beyond in a report on Monday, June 19th. Wedbush set a $30.00 price target on Bed Bath & Beyond and gave the company a “hold” rating in a research note on Saturday, June 24th. KeyCorp reissued an “underweight” rating and issued a $21.00 price target (down previously from $27.00) on shares of Bed Bath & Beyond in a research note on Wednesday, September 20th. Finally, UBS AG reissued a “neutral” rating and issued a $30.00 price target (down previously from $33.00) on shares of Bed Bath & Beyond in a research note on Thursday, September 14th. Nine equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. Bed Bath & Beyond has an average rating of “Hold” and a consensus target price of $28.12.

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A number of large investors have recently made changes to their positions in the business. Amalgamated Bank boosted its holdings in Bed Bath & Beyond by 0.3% in the first quarter. Amalgamated Bank now owns 10,575 shares of the retailer’s stock worth $417,000 after acquiring an additional 32 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Bed Bath & Beyond by 1.7% in the first quarter. Nordea Investment Management AB now owns 7,704 shares of the retailer’s stock worth $304,000 after acquiring an additional 129 shares in the last quarter. Blair William & Co. IL boosted its holdings in Bed Bath & Beyond by 1.5% in the first quarter. Blair William & Co. IL now owns 14,012 shares of the retailer’s stock worth $566,000 after acquiring an additional 213 shares in the last quarter. Fairbanks Capital Management Inc. boosted its holdings in Bed Bath & Beyond by 1.7% in the second quarter. Fairbanks Capital Management Inc. now owns 16,861 shares of the retailer’s stock worth $512,000 after acquiring an additional 285 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Bed Bath & Beyond by 1.6% in the first quarter. Nomura Asset Management Co. Ltd. now owns 22,870 shares of the retailer’s stock worth $902,000 after acquiring an additional 370 shares in the last quarter. Institutional investors and hedge funds own 93.30% of the company’s stock.

Shares of Bed Bath & Beyond (NASDAQ:BBBY) opened at 23.25 on Thursday. Bed Bath & Beyond has a 12 month low of $22.10 and a 12 month high of $48.83. The company has a 50-day moving average price of $26.37 and a 200-day moving average price of $32.38. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 5.94 and a beta of 1.11.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 15th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.60 annualized dividend and a yield of 2.58%. Bed Bath & Beyond’s payout ratio is currently 15.42%.

Bed Bath & Beyond Company Profile

Bed Bath & Beyond Inc is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).

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Earnings History and Estimates for Bed Bath & Beyond (NASDAQ:BBBY)

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